so to speak without too much problem south south assumes like america is doing its best to accommodate their new overlarge the chinese now many common commentators in america of course dismissed china as the low wage low value manufacturer of global predominance these what are your thoughts because there's a lot of. chinese sears goes a recent articles last few weeks in forbes by gordon john who's a big. chinese here wrote a book called the coming collapse of china the only problem was he wrote a book in one thousand nine hundred eight so we look at the structure of the chinese economy what is china exports united states what does the united states export to china look at the real numbers the major exports from united states to china last year was corn so we beings scrap steel and scrap plastic. looks more like

a eighteenth century economy what we see in united states the other hand what you see is china exporting their number one export united states is now electronic equipment. manufacturer many factor look tronics so china story twenty years ago on the low wage low value added end loaded serry nor is it many american companies are going to get global competitors coming out of china in future yeah you mentioned scrap metal scrap paper yet if you look at the list of exports from the top twenty states that export to china from the united states number two or number three on the list as always garbage america's excellent exporting its garbage to china like scrap paper for example which of course china recycles into cardboard cardboard boxes and resells back to united states and has made many many billions of dollars for people over there who are not afraid of doing a day's work of course in america that's not in the cards anymore it's more about

getting that electronic payment down there at the wal mart to pick up some baby formula now stephen roach and jim rogers are almost alone amongst western commentators in praising the medium to long term for chinese economy and claiming that any short term housing market or economic slowdown will be a soft landing so those guys are in the pro china camp. you're there in shanghai. so it's not it we there whether it's a soft landing or a hard landing you're saying whatever the landing is doesn't make much difference the one clear trend is that they're going to take their cash pile of money and start buying into countries like the u.s. correct yes absolutely i think when we talk about the chinese economy a lot of the entry china stuff that relates to housing you know the americans have for twenty years lived in a printed money transfer agreement military industrial complex economy. they just went through a housing bubble so they believe everybody should have

a housing bubble what they don't realize here is half of the homes in china have been paid with cash the other half have at least thirty percent downpayment so there is no credit bubble so to speak in housing. china has experienced some what you could slow down if you could call it a slowdown you know eight or nine percent g.d.p. growth but really what the people forget is that this is an engineered slowdown chatto wanted to slow down the economy growing at twelve percent a year it was too fast with the high inflation environment with with all these central banks continually printing money last year a corporate loan now in china is nine percent. there's direct korean laws to stop people from purchasing homes so you can only literally purchased one home right now you can't purchase another one if you already own one so i don't see a troubled economy in county where you people are buying cars and homes for cash

and where you have to try to slow down the growth i see the big trouble in united states where last year we went into a five trillion dollar debt gap adjusted debt which is on balance sheet off balance sheet liabilities to create one percent g.d.p. growth that's more what i'm worried about let's move on to our gold for a second because forbes that mouthpiece of the entranced kleptocracy is recently talking about why china is buying ball because it's capital flight and it's not their teeth again anyway but it seems we hear a lot of people talking about strategically china want to buy gold insulate itself against a collapsing dollar your thoughts yeah buying gold you know forbes i basically you know working their own agenda here why not gold in china in capital flight are is actually there's actually no correlation there last week beijing daily reported there was over one hundred million dollars in. gold sales in beijing alone they go

upstairs stores headlines out the door and gold has really become a big chinese new year's gift here in china its sales in the first week after new years were up fifty percent from last year this gold is not. been going over seas with people leaving planes it's getting put into families the be handed down generation after generation the capital flight issues an entirely separate issue if you look at the very you know a lot of the wealthy people in china there is a lot of the corruption here no doubt there's a lot of ill gotten gains and a lot of capital flight is due to some people in china diversifying their assets if they're ever. caught or where if you know somebody discovers what what how they've made their money they need to get away plan and there are some people that have prepared and that's where most of the capital flight issues are coming from her we've got a couple of minutes left i want to cover some topics here you recently compare the

chinese and u.s. economies but you didn't give is the manipulated g.d.p. numbers but on raw data simply wanted to find and collins yeah find g.d.p. is a you know really have some problems with it it's almost an obsession with a with the american academics. but in reality does anybody really look out the window as they fly over the cities in the united states look at detroit cleveland buffalo and now the empty suburbs near vegas where is the economic growth you know i just don't see it i take a look at the numbers you know the u.s. of the fifteen trillion dollar g.d.p. and china has a seven trillion dollar g.d.p. which means united states roughly you know more than twice as large as china but china makes ten times the amount of steel three times as many vehicles they purchase they consume twice as much beer they export three times as much as many

high tech exports as the united states does. three times as much cotton five times as much coal other lists go on and on the so the cell phone markets three times as large so i'm just wondering how you know if we get duct print. money in government transfer payments what would the g.d.p. of the united states really be you know i think that's really a bubble that nobody sees is there the american g.d.p. is a complete fabrication and i'd also highlight the manufacturing numbers you know many people including academics high level policymakers you know states will tell you well we don't need to worry united states is still the largest manufacturing economy you know the federal reserve has admitted they don't break up the value add in those numbers so you know you know this is nine million people working in manufacturing i can drive within an hour of where i'm sitting right now if i nine million people working in manufacturing there is no way the united states has a larger manufacturing economy than china yet we still live by these allusions on

our numbers but not nobody pretends that america as a manufacturing economy or g.d.p. tied to manufacturing is tied not to making stuff but the blowing stuff up the military industrial complex is a huge part of the g.d.p. and debt which feels the military industrial complex is huge part of the g.d.p. everything shock and awe was a huge g.d.p. booster in america right now we only got a minute left intellectual property you know china makes all the stuff but you know apple computer gets all the ip glory when it's time to going to do their own ip yeah this is the thing china struggles with they know they're there. we'll have to see if they really can turn around i think you know japan got a rare ten fifteen years ago for not having any innovation i think that was largely overblown japanese companies learn to create their own ip korean companies learn to create their own ip i think china is on its way i mean at first when you're

developing in the qana me you're focused on import substitution and being able to make your own products just based off what's already out there i think now you see a lot of vehicle market you see the major car makers the general motors of. are doing a lot of their r. and d. electrical vehicle manufacturing or d.s.p. going to be done in china or other tailor making the cars for china that will then go all over the world so i think chinese companies are behind the ip they know there and we'll have to see that develop over you know that's really a soft skill and i think we'll continue to see it develop over the next decade yeah they're going to be forever behind the curve unless they relax censorship because you've got to be able to say some crazy stuff to come up with some crazy ideas that get patented the dr ip that's all the time we have daniel collins thanks so much for being on the kaiser report thanks very much max and that's going to do it for this edition of the kaiser report with me max kaiser and stacy herbert i'm with my guest daniel collins over there in shanghai and going to send an e-mail please do

so because the reported r t t v dot ru until next time x. guys are saying buy off. running.

russia and china vetoed a u.n. security council resolution on syria condemning president assad's regime for violence in the country. says the document does not reflect the situation in syria and signal to both sides all the details just ahead. over two hundred thousand people braved russia's the bitter subzero temperatures to ensure their views on national politics are heard. we see people out on the streets demanding free elections in support of the code. join me for more than a few moments. and fighting between police and protesters continues in egypt with

twelve people killed and hundreds more injured in the latest crackdown. and broadcasting live direct from our studio. here with us russia and china have vetoed the latest u.n. security council resolution on syria. because the draft did not reflect the real situation in damascus and was sending unbalanced signals to all sides in the conflict. has the latest from new york. in a matter of just five minutes after the meeting began russia and china both wielded their veto powers not supporting this draft resolution that was written up by the arab league european countries while the draft resolution was supported by thirteen

members of the security council russia was asking for some amendments according to russian foreign minister sergei lavrov those amendments were not excessive and mr r. lava have said that russia was urging the west to accommodate moscow's concerns to reach a compromise on this draft resolution china during the meeting that supported russia's amendments and said for the council to approach a vote knowing there was a divide it did not help maintain the unity or the authority of the security council russian foreign minister sergei lavrov said that moscow does not support using the security council as a tool to intervene on a sovereign country experiencing an internal conflict he believes that could create chaos in international affairs so as we see there was two vetoes on this resolution it did not go through and it's because russia believes that as the draft resolution

was presented it had a lot of imbalances in it when it comes to the current circumstance in syria russian envoy to the united nations vitaly churkin did go into detail about those imbalances but i do work in the security council has not yet reached its conclusion that you know the draft resolution put to the vote does not adequately with the real situation in syria and soon. the co-sponsors of the resolution and the wording of the taking into account of the syrian opposition they must distance itself from extremist groups committing violence. on states your ability to use their influence to prevent such. no one has been taken into account that along with was drawing the syrian forces from the cities should be an aim is to attack the groups on state institutions. nor has the being support for affording more flexibility to get into media outlets states to increase the chances of

a successful political process with the russian delegation was forced to vote against this draft resolution seriously regret this outcome of a. foreign minister is scheduled to visit damascus on tuesday to meet with syrian president bashar assad this is a move. to hopefully reach some type of peaceful approach or solution to the conflict still in syria the arab league is also addressed the media at the security council at the stakeout saying that they are extremely disappointed. but they will continue trying to work with the security council with the united nations to try to reach some type of consensus now u.s. president barack obama did also issue a statement of his own before the meeting began. that you know the united states is on the side of the syrian people that are hosting the syrian president and his

government and he said quote the assad regime the time has come for the assad regime to change clearly the united states is pushing for regime change this is a sticking point this is something that russia does not support so we'll see what takes place in the days and weeks to come but as of now the draft proposed by the europeans by the arab league vetoed by russia and china are now reporting for us from new york now sticking with this story jason the editor of antiwar dot com says the resolution was doomed after the fallout from the libya conflict would have been on likely to achieve much anyway. but i think their resolution itself was was probably not going to accomplish much anyway it seems to have been at best an effort to kickstart some international backing for intervention in the country which obviously russia and china were not going to support i don't think it was ever going to get anywhere and it seems like with the arab league having withdrawn

all their monitors from the country and favor of this resolution they sort of shot themselves in the foot here and don't have a lot of options left there it seems to me that some of them what the security council is liable to do with syria is to continue arguing the point to continue putting forth resolutions that have no chance of passing and giving long winded speeches that don't really get anywhere. in russia more than two hundred thousand people have taken to the streets of moscow st petersburg and other cities to express their political views on head of the march fourth presidential election our correspondent peter all over saw the gatherings first. well saturday was a day of demonstrations here in the russian capital we saw a march and a rally by opposition supporters a large group of them meeting in the center of the city and marching here to block my a square which bloodline has really become the central focus point for opposition protesters

here in moscow this is the second time that opposition protesters have taken to block my a square far fewer the this time than last but of course the the weather a big deciding factor in not cripplingly mode temperatures here in the russian capital in fact the organizers of the protest here shortened the events that were going to be happening just to make it more comfortable for people who had come out in the cold minus twenty times on saturday here in moscow. so they came out to to voice their opinions you know better than if you were first in here because i'm tired of the government which doesn't do it promises nice and wants this to carry on for you if you have to. change their elections and normal life there was because your mind goes when you wanted to come here and you see it now talk about some of those groups that we've seen come here they really come from all

across the russian political straw answer we've seen far right groups far left groups and everybody in between. all coming out coming here to pull off my square to demonstrate we didn't hear from. the presidential candidate the independent presidential candidate he's drawn a lot of support from some of the groups that have come here to protest he said he would attend but he wouldn't give a speech this wasn't the only demonstration there was taking place on saturday there's also being gatherings of people who are in favor of the government pro-government forces. and those who who will be campaigning saying that they still want a revolution in russia using the example of the orange revolution in ukraine and the chaos which pushes that country found itself in after last saying that they don't need not in russia they were first ability not to revolution saying that

russia had had its times of instability and they didn't want to return to the dark days of the ninety's now the good news for everybody concerned is just how peacefully everything is being carried off on saturday both the opposition and the pro-government protests going off well relatively without a hitch however one of the pro putin rallies we did see the leader of that rally taken into custody by police now this is because the it was a sanctioned dryly and it was sanctioned to have a certain amount of people the amount of people turned up far exceeded that we saw a lot of police and seize they did say say protesters must remain within the law they did do that and everything going off very peacefully as such the day becomes the day of demonstrations artie's peter all of our reporting for us there now journalist evolve. shares his view on the protest. i think that the dark horse was too late in coming so we are seeing more or less usual suspects and even even

if we take seriously brought her up here i mean he's a he's a smart man and he's a rich man but. he's think he falls. in the category that he's not involved in russia the region successful my family we are not in america we are in russia and this is basically a social democratic country who has in store he's social policy that would give support to so many people that's why so many people who together today to support him i think that what is happening today is that there are so many people calling for fair elections my hope is that they will get the fair elections but i think that they will maybe disappointed again because in cairo actions there is a fair chance that we can move. still to come in the program. and anti-piracy treaty designed to protect intellectual property has europeans in

revolt find out why they say it violates basic rights also. religion as a testing ground we investigate how new forms of islam could change the face of a whole nation and to lead to serious consequences. in egypt at least twelve people have been killed in street battles with riot police more than two thousand have also been injured in violence following the death of seventy four people in football related violence on wednesday the demonstrators are demanding the military council step down police fired tear gas from armored vehicles and protesters to keep control of the situation in response to the protests presidential elections could now be moved forward from june a civilian council advising the military leadership said nominations should start being accepted at the end of the month dr omar a short from the institute of arab and islamic studies at the university of exeter says egypt just want an accountable civilian leadership. the supreme council of the

armed forces has mismanaged the transitional process to a large degree the expectations on the egyptian street it would rising they told that they would be transferred all power from that it would be to civilian elected civilian in six months and therefore once you have elected civilian rule the investments will come life the economic life will be back to normal there will be a formal restructuring of the security services that acted in a very aggressive and brutal way and cut off way during the mubarak era and all these expectations so the economy to enhance a better economy the dignity the freedom the bread the slogans of that evolution were not really accomplished by a year off the bit of aleutian and many on the streets of egypt. the transitional. years of the transitional period which is the supreme council of the armed forces that's why that is that the protests last friday and on the anniversary of that

evolution wanted a president and now an elected president now so that they can hold him accountable if you fail to be stored back the egyptian economy and if you feel to the form of the security services iran says it will definitely stop oil exports to certain european countries excuse me the islamic republic's oil minister says they have yet to make a decision on cutting supplies to other you states it is a tehran's response to that use oil embargo that was set to come into force in july chris bambery from the international socialist group says there are also plenty of other reasons for tehran to try and retaliate. but i think they're listening to what's the rhetoric from london paris and washington and understands that that rhetoric is being hyped up all the time we've had claims this week the u.s. defense secretary that there was going to be in a rain year in terror attacks inside the united states although he also said there is no evidence they could use the evidence for that today elsewhere in tel aviv i

read that supposedly respectful commentator saying the arrears had missiles which he could file it could hit the united states of america that claim is just simply the posters but we are seeing ratcheting up of the right and tyranny and rhetoric in the west at the same tally there is going to be very very nervous about the american build up inside the got inside the persian gulf if you look at the map of the ride it is surrounded by american military bases incidentally bases which are also in that russia and china so i think in some ways the pressure must be all inside iran to think we should be going to retaliate and enforced. and you can always have to our website r t dot com we have plenty of stories for you there online right now notorious hacktivist group anonymous finds out what the f.b.i. really thinks of them and they get their own back by the audio recording on my listen in there to what was said at our web site. and russia is over the moon as it

unveils its space ambitions these and other stories are available online at r.t. dog. this is free. education free. for charges free range which free. free steerage night friend. freeboard cares a lot of videos for your media projects a free media dog are to eat on top. of.

the ocean would be soon which brightened if you move the song from silence to christianize. starts on t.v. dot com. campaigners for online freedom are out in force in sweden to protest against a new copyright treaty signed by governments across europe the anti-counterfeiting trade agreement has yet to be ratified by the european parliament and that's what activists want to prevent saying the new law would endanger free speech and. privacy argues tom barton is in stockholm. this is the frontline in the most modern of political battles over internet freedom these crowds have gathered in central stockholm in sweden the original home of the pirate parties that have sprung up all over europe and beyond here is a protest against actor the anti counterfeiting trade agreements it all revolves

around until piracy laws that are trying to be pushed through in many countries this agreement tries to standardize the enforcement of those laws in the e.u. and in america and further around the world these people say it's not an innocent agreement it's not simple assault on the internet freedom and it's a way for governments to monitor them and to stop them from having a free exchange of information on the internet and we heard earlier from people on both sides of the argument about how different views are here on this issue if you say well everything should be free well perhaps no one will write any books or produced music or films etc or anyway it would disappear but much less because it's not. the next generation has grown up with the ability to say anything to anybody else on the planet today d.s. battle it out for.